Actuarial Science

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Actuarial Science 
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Columbia University’s Master of Science in Actuarial Science grounds you in the latest theory and methods, prepares you for all actuarial exams, and equips you with new skills to excel in the workplace.
The program’s core faculty are credentialed actuaries and some of the most respected analytical minds in the country. The core curriculum spans probability and statistics, actuarial models and methods, and stochastic processes, with more than 40 comprehensive electives in property/casualty, pensions, life insurance, health insurance, statistics, economics, business, mathematics, and finance. Coursework includes real-world challenges that you solve, document, and present in class to sharpen your professional communication skills. The program has an extensive focus on professional and career development and includes a Proseminar, mentoring, career fairs and professional networking events, résumé and cover letter review and critique, and F1 Optional Practical Training (OPT).
The program, which may be taken on a part-time or a full-time basis, is offered on Columbia’s campus in New York City, with options to complete select coursework online. (International students who are planning to do so may enroll in one online class each semester.) Online, students connect with their instructors and fellow students through a highly collaborative and interactive social learning platform that incorporates weekly live discussion groups, prerecorded lectures, collaborative and independent coursework, and forums. Whether studying on campus or online, all students have the same access to rigorous coursework, instruction by Columbia faculty, intensive career and professional development, and thorough exam preparation.

Who Should Apply

Most of our students are:
  1. Recent undergraduates with a strong background in a quantitative field, such as mathematics (including teachers and tutors), statistics, actuarial science, physics, economics, computer science, accounting, or finance;
  2. Entry-level actuaries interested in advancing their careers and preparing for their exams within the context of a structured master’s degree program; and
  3. Career-changers with strong quantitative skills looking to transition into the actuarial field.
All applicants must have knowledge of elementary economics, linear algebra, and multivariate calculus.
Upon successful completion, graduates will be prepared to pass the industry examinations required in the field (Society of Actuaries Exams P, FM, MLC, MFE, and C, and Casualty Actuary Society Exams 1–4) and earn Validation by Educational Experience (VEE) credit in economics, corporate finance, and applied statistical methods. The program also prepares students for UK actuarial exams
 through the mutual recognition between the U.S. and the UK actuarial organizations


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